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Wall Street Falls as Tech Stocks Drop
U.S. stock market indices declined slightly at the close of today's trading session, driven by a drop in technology stocks, particularly chip companies such as Micron Technology, AMD, and Broadcom. This decline was in response to lower yields on U.S. Treasury bonds, which were affected by a report suggesting that the Treasury Department plans to use its account to finance bond buyback operations. The yield on the 10-year Treasury bond fell to 4.69%, while the 30-year bond yield declined to 5.216%. The rise in bond yields worldwide, combined with geopolitical tensions, increased pressure on the market, as investors awaited upcoming inflation data and corporate earnings announcements.
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